Market Analysis
Energy markets higher w/ sharply lower dollar and China easing COVID policy. What’s the outlook for energy prices and could the U.S. run out of diesel supplies? Michelle Rook asks John Wenzel with StoneX Financial.
Grains and hogs see corrective buying with help from sharp drop in dollar...plus China easing its COVID policy. Cattle are seeing profit taking. Michelle Rook w/Pat Von Tersch of Professional Ag Marketing.
A better-than-expected CPI number pulled money into financial markets and out of most commodities, despite the sharply lower dollar. Poor exports added pressure. Michelle Rook w/ DuWayne Bosse, Bolt Marketing.
Technical selling slow exports weigh on grains, despite sharply lower dollar. Cattle up on lower corn & higher DOW. Hogs follow lower cash. Michelle Rook w/ Jeff Hoogendoorn of Professional Ag Marketing.
Grain and livestock futures open mixed with CPI data supporting outside markets & dollar plunging. Exports disappointing and market is still digesting the WASDE. Michelle Rook w/ Steve Freed of ADMIS.
Small crops are no longer getting smaller. In its November round of crop reports, USDA increased both the national corn and soybean yield by 0.4 bu.
Corn, wheat lower after WASDE w/ technical selling and possible extension of export deal. Soybeans shook off higher ending stocks on export biz, higher BO. Michelle Rook w/Chip Nellinger Blue Reef Agri-Marketing.
Grains turn mixed after initially moving lower following WASDE w/slight increase in corn, soybean and cotton yields, production and ending stocks. Michelle Rook is w/Jim McCormick of AgMarket.Net.
Mostly lower markets with spillover from a risk off day in outside markets w/election reaction, report positioning. Soybeans are holding up w/ 17 mb of export biz. Michelle Rook with Rich Nelson of Allendale.
Markets close mostly lower w/ technical selling in the grains, report positioning and fading export biz. Livestock consolidated in an inside day. Michelle Rook is joined by Garrett Toay of AgTraderTalk.
Wheat and corn lower on technical selling, lower crude oil and report positioning, while soybeans get help from export biz. Profit taking and money flow hit the livestock. @michellerookag @scottevarilek
Corn a& beans lower with technical selling, report positioning, despite fresh export biz. Wheat sees technical bounce watching news on export deal. Livestock see profit taking. @michellerookag @NollFamilyFarm
Soybeans end lower as China refutes COVID policy change, corn followed. Wheat mostly higher on technical buying. Livestock rally big on a technical correction. Michelle Rook w/ Arlan Suderman of StoneX Financial.
Soybeans correct on China COVID policy, corn follows. Wheat sees technical bounce w/lower dollar. Livestock up on technical buying, higher product. Michelle Rook w/ Shawn Hackett of Hackett Financial Advisors.
Markets are mixed to start with plenty of news to digest, including the WASDE, elections, CPI and China’s news they aren’t easing their COVID policy. Michelle Rook w/Tomm Pfitzenmaier of Summit Commodity Brokerage.
Grains mostly lower w/the strong dollar, weak exports & profit taking in soybeans. Cattle consolidate despite steady to higher cash. Hogs down with weaker cash. Michelle Rook w/ Don Roose of U.S. Commodities.
Opportunity lies ahead for both sides of the market, but one must be quick and engaged with changes in geopolitics and weather to maximize success.
Grains mostly lower with higher dollar, poor exports. Profit taking in soybeans with lower meal. Cattle consolidating despite higher cash, hogs firm. Michelle Rook with Vince Boddicker of Farmers Trading Company.
Grains and cattle under pressure with risk off outside markets, including sharply higher dollar after Fed move. Exports, cash prices also drivers. Michelle Rook talks with Darin Newsome of Darin Newsome Analysis.
Fed raises interest .75, corn and wheat move lower and soybeans are up with help from technical buying and China demand hopes. AgDay’s Michelle Rook chats with Ted Seifried of Zaner Ag Hedge.
Corn & wheat lower with Russia extending participation in export deal, soybeans held up by soybean oil. Live cattle consolidate ahead of the Fed decision,. Michelle Rook w/Chip Nellinger Blue Reef Agri-Marketing.
Grains open sharply lower on news Russia is resuming the export deal. Cattle higher w/lower corn but awaiting Fed decision and cash direction. Hogs set back. @michellerookag w/ @scottevarilek
Grains were higher with cotton limit up on news China may relax its COVID policy. Cattle consolidate ahead of the Fed decision. Michelle Rook talks to John Payne of Hedge Point Global Markets.
Cattle consolidate ahead of the Fed announcement, with hogs up. Soybeans rallying on China and Brazil news and corn is trying to follow. Michelle Rook gets an update with Brad Kooima of Kooima Kooima Varilek.
Grains gap higher on the open led by wheat and news over the weekend Russia is suspending the export deal. Livestock set back with higher feed prices. @michellerookag talks with @kdinvestors
Grains still higher after Russia suspends grain export deal but off session highs. Cattle set back with higher grains and is cotton ever going to bottom? @michellerookag is with @jpmccormick3
Grains higher with Russia suspending the grain export deal, so how much higher do prices go? Cattle set back with higher feed prices, with hogs mixed. Michelle Rook is w/ Mike Zuzulo of Global Commodity Analytics.
Soybeans up w/ the Brazil truckers strike in protest to election, corn and wheat try to follow as Russia’s changes tune on export deal, Cattle consolidate ahead of Fed meeting. @michellerookag with @MartinsonRandy
Corn & wheat end lower w/stronger dollar & HRW rain, soybeans up with meal and export biz. Live cattle saw end of month profit taking w/ short covering in hogs. Michelle Rook w/ Darren Frye, Water Street Solutions.
Corn and wheat down with lower oil and the higher dollar, but soybeans rebound with export biz and higher meal. Cash basis levels strong west and south, weaker east. @michellerookag w/@FarmersKeeper